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please answer as soon as possible, its urgent Frank would like you to calculate the amount of money in his account at the end of
please answer as soon as possible, its urgent
Frank would like you to calculate the amount of money in his account at the end of five years, There was an initial deposit of $3,500 and an 8 percent annual interest rate. Interest is compounded (a) annually, (b) semiannually, and (c) quarterly. (Use a Financial colculotor or Excel to arrive ot the onswers. Round the final answers to the nearest whole dollar. Submit your calculations on Moodle) Calculate the effective annual interest rate of each compounding possibility. (Use o Financial calculator or Excel to arrive at the onswers. Round the final answers to 2 decimal places. Submit your calculations on Moodle) Step by Step Solution
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